Bisnis, JAKARTA — The natural decline in production from several oil and gas fields has dampened optimism about the sector's prospects. For the coming year, the government has set an oil lifting target of 600,000 barrels per day, down from 635,000 barrels per day in 2024.
Upstream Oil and Gas Targets Expected to Weaken Next Year
The government attributed the stagnant projected revenue from oil and gas to several factors, including fluctuations in oil prices, increased cost recovery, and the potential risk of a decline in oil and gas lifting.
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